Cloud giant Alibaba has announced a new Blockchain-as-a-Service (BaaS) offering intended for the global market. China’s leading cloud provider and a significant player in the global cloud arena,
Alibaba Cloud is known as ‘Aliyun’ within China. Part of the Alibaba Group and established in 2009, it has head offices in Singapore and a presence around the world, most recently opening two data centers in the United Kingdom. This is the first time the company has offered its BaaS solution outside China and the company is focusing on Europe and the United States, bringing Southeast Asia into focus shortly.
Alibaba’s BaaS offerings include its Hyperledger Fabric - a “multi-project, multi-stakeholder effort that includes 10 business blockchain and distributed ledger technologies (DLT)”, and Ant Blockchain - a “proprietary and multi-patented high-performing blockchain platform”. When used in conjunction with each other these solutions offer a platform for companies to release products to the market and that can be utilized for a range of purposes including blockchain management and autocontracts. The platform allows users to offer their own BaaS applications through a cloud network available in 52 zones and 19 regions globally.
"We pride ourselves to be the trusted infrastructure for business which empowers many innovations across all industries,” explained head of Alibaba’s Cloud Blockchain Service, Senior Staff Engineer Yi Li. “Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world. Alibaba Cloud is also the first blockchain service provider of Intel SGX security technology. We aim to become a technology partner that enables companies that wish to use blockchain to accelerate their digital transformation."
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